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FAM
Fred Alger Management Portfolio holdings
AUM
$22.8B
1-Year Est. Return
64.63%
This Fund
S&P 500
This Quarter
Est. Return
+0.07%
1 Year Est. Return
+64.63%
3 Year Est. Return
+243.99%
5 Year Est. Return
+318.3%
10 Year Est. Return
+1,899.64%
AUM
$18.4B
AUM Growth
-$1.1B
(-5.7%)
Cap. Flow
-$780M
Cap. Flow
% of AUM
-4.25%
Top 10 Holdings %
Top 10 Hldgs %
40.19%
Holding
562
New
65
Increased
161
Reduced
196
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intercontinental Exchange
ICE
|
+$162M |
| 2 |
Incyte
INCY
|
+$120M |
| 3 |
Danaher
DHR
|
+$112M |
| 4 |
Autodesk
ADSK
|
+$95M |
| 5 |
Bank of America
BAC
|
+$92.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$245M |
| 2 |
Apple
AAPL
|
+$178M |
| 3 |
ASML
ASML
|
+$125M |
| 4 |
Altria Group
MO
|
+$119M |
| 5 |
AGN
Allergan plc
AGN
|
+$118M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.48% |
| 2 | Communication Services | 18.39% |
| 3 | Healthcare | 16.44% |
| 4 | Consumer Discretionary | 11.83% |
| 5 | Industrials | 9.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.89T
| $1.34B | 7.31% |
34,834,680
-869,040
| -2% | -$33.9M |
|
2
Microsoft
MSFT
$2.83T
| $974M | 5.3% |
15,668,766
-90,569
| -0.6% | -$5.45M |
|
3
Amazon
AMZN
$2.51T
| $951M | 5.18% |
25,370,660
+1,051,680
| +4% | +$41.2M |
|
|
4
Apple
AAPL
$4.72T
| $862M | 4.69% |
29,761,260
-6,269,152
| -17% | -$178M |
|
5
Meta Platforms (Facebook)
META
$1.54T
| $775M | 4.22% |
6,733,703
-248,226
| -4% | -$30.5M |
|
6
Visa
V
$669B
| $604M | 3.28% |
7,736,391
-131,961
| -2% | -$10.6M |
|
7
Honeywell
HON
$78B
| $592M | 3.22% |
5,657,500
-768,721
| -12% | -$78.2M |
|
8
Comcast
CMCSA
$78.3B
| $503M | 2.74% |
14,577,474
+1,744,430
| +14% | +$58.3M |
|
9
UnitedHealth
UNH
$385B
| $402M | 2.19% |
2,511,158
-328,454
| -12% | -$49.1M |
|
10
Broadcom
AVGO
$1.87T
| $379M | 2.06% |
21,465,180
-2,358,180
| -10% | -$40.9M |
|
|
AGN
11
DELISTED
Allergan plc
AGN
| $336M | 1.83% |
1,600,509
-569,152
| -26% | -$118M |
|
12
Newell Brands
NWL
$2.14B
| $331M | 1.8% |
7,414,985
+1,020,000
| +16% | +$49.4M |
|
|
CELG
13
DELISTED
Celgene Corp
CELG
| $292M | 1.59% |
2,522,465
+689,311
| +38% | +$76.8M |
|
14
Electronic Arts
EA
$52.4B
| $280M | 1.52% |
3,551,937
+583,699
| +20% | +$46.9M |
|
15
Home Depot
HD
$324B
| $247M | 1.34% |
1,839,631
-321,891
| -15% | -$41.5M |
|
16
PepsiCo
PEP
$184B
| $231M | 1.26% |
2,208,357
-709,654
| -24% | -$74.3M |
|
17
Molson Coors Class B
TAP
$7.51B
| $228M | 1.24% |
2,345,347
-465,139
| -17% | -$47.5M |
|
18
Air Products & Chemicals
APD
$65.5B
| $228M | 1.24% |
1,585,065
+549,052
| +53% | +$76.8M |
|
|
APC
19
DELISTED
Anadarko Petroleum
APC
| $208M | 1.13% |
2,980,820
+954,178
| +47% | +$62M |
|
|
PARA
20
DELISTED
Paramount Global Class B
PARA
| $205M | 1.11% |
3,220,090
-1,153,455
| -26% | -$68.4M |
|
21
Salesforce
CRM
$129B
| $197M | 1.07% |
2,879,093
+152,958
| +6% | +$11.1M |
|
|
22
Intercontinental Exchange
ICE
$81B
| $195M | 1.06% |
3,459,898
+2,918,063
| +539% | +$162M |
|
|
HDS
23
DELISTED
HD Supply Holdings, Inc.
HDS
| $190M | 1.04% |
4,476,973
-774,344
| -15% | -$28.5M |
|
24
Adobe
ADBE
$84.3B
| $190M | 1.04% |
1,848,041
+98,160
| +6% | +$10.4M |
|
25
Edwards Lifesciences
EW
$48.3B
| $190M | 1.03% |
6,082,110
+1,428,933
| +31% | +$46.3M |
|
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Fred Alger Management's Q4 2016 Portfolio in Review
As of Q4 2016, Fred Alger Management held 562 positions worth $18.4B, down 5.7% from $19.5B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Fred Alger Management withdrew a net $780M in Q4 2016, closing 78 positions and reducing 196 holdings. Its most notable exit was Norwegian Cruise Line, an estimated $89.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Fred Alger Management opened a new position in Autodesk worth $95.4M.
- Fred Alger Management's largest Q4 2016 buy was Autodesk: 1,289,679 shares worth $95.4M.
- Fred Alger Management added most to Intercontinental Exchange in Q4 2016, an estimated $162M increase.
- Fred Alger Management's biggest Q4 2016 reduction was Thermo Fisher Scientific, cutting an estimated $245M.
- Fred Alger Management fully exited Norwegian Cruise Line in Q4 2016, selling an estimated $89.1M.
- Fred Alger Management's ten largest holdings make up 40% of its $18.4B portfolio in Q4 2016.
- Fred Alger Management opened 65 new positions and closed 78 in Q4 2016.
- Fred Alger Management's portfolio value fell 5.7% quarter-over-quarter to $18.4B.
Based on Fred Alger Management's 13F filing for Q4 2016, filed 14 Feb 2017.